Business Borrowing

Borrowing

Construction and Land Development Financing

If you’re considering a construction or land development project we can design a loan program that works for you. Working with your team of professionals let us assist by offering competitive financial solutions that meet your needs and help you take advantage of market conditions and opportunities. With loan packages specifically designed to finance the development and construction of industrial, commercial and residential properties, such as single family homes, commercial properties, multi-family town homes and condominiums.

Commercial Mortgages

If you are considering a purchase or refinancing of a commercial property we offer competitive rates, expert advice and flexible repayment options. Other key features of this product include, amortizations periods of up to 25 years, variable rate or fixed rate terms with loans based on cash flow and value of the property.

Operating Lines of Credit

With an approved line of credit you have funds available when your business needs it. A commercial line of credit can be a great way to finance your accounts receivable, inventory, assist with daily operating expenses and help save on supplier interest costs.

Our Lines of credit feature:

Credit available when you need it

Attached to your chequing account your account revolves automatically

Interest calculated only on the amount borrowed

Variable interest rate

Can be secured or unsecured

Term Loans

Term loans are an excellent way to help grow your business. If your business needs working capital, new equipment, a new vehicle or any other purpose we have a Term Loan structure that can help meet your needs.

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About Us

Khalsa Credit Union (KCU) came into existence on February 19, 1986, following the economic turbulence of the early eighties and long after most of the other credit unions in the province had been incorporated.